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Editorial Results (free)

1. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

2. Waterford Place Apartments Sells for $28.3 Million -

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold to an entity affiliated with Chicago-based Trilogy Real Estate Group for $28.3 million, or about $88,438 per unit.

TMF III Waterford Place Partnership purchased the complex in an Oct. 16 special warranty deed from WRF-Waterford Place LLC, an entity related to Boston-based real estate investment trust Winthrop Realty Trust. Winthrop bought the property in April 2012 for $21.5 million.

3. Lightman Realty Begins Fieldstone Expansion -

Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.

4. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

5. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital

6. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

7. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital Markets Inc., according to an Oct. 3 multifamily deed of trust.

8. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

9. FedEx Donates $250,000 to Community College -

Transportation company Federal Express has announced its providing $250,000 to Mid-South Community College in West Memphis.

FedEx and college officials said Tuesday that the donation will be used to support an FAA-certified Aviation Maintenance Technology training program. The college plans to build a program-specific facility to increase the number of students it can train.

10. Fieldstone Apartments Owner Files Loan -

The owner of the 324-unit Fieldstone Apartments in the Southwind area has filed a loan on the property.

Fieldstone Apartments I LLC acquired a $13.5 million loan from Magna Bank for the apartment community at 3333 Hacks Cross Road, according to a Sept. 29 multifamily deed of trust. Michael A. Lightman is the registered agent for Fieldstone Apartments I LLC.

11. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

12. Reese Road Apartments Owner Takes Out Loan -

The owner of the 76-unit Reese Road apartment complex at 2503 E. Reese Cove in Northeast Memphis has taken out a loan on the property.

13. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

14. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

15. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

16. Cotton Council Apartments Sell for $6.1 Million -

1918 North Parkway
Memphis, TN 38112
Sale Amount: $6.1 million

Sale Date: Sept. 16, 2014
Buyer: Lynxco LLC
Seller: Cotton Council Apartments LLC
Details: Lynxco LLC, an affiliate of Rhodes College, has purchased the former National Cotton Council building on North Parkway in Midtown for $6.1 million. Rhodes intends to use it as student housing, according to the school’s website.

17. Cotton Council Apartments Sell for $6.1 Million -

Lynxco LLC, an affiliate of Rhodes College, has purchased the former National Cotton Council building on North Parkway in Midtown for $6.1 million. Rhodes intends to use it as student housing, according to the school’s website.

18. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

19. Walnut Hill Apartments Sells for $28 Million -

The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

IRT Walnut Hill Apartments Owner LLC bought the complex at 8920 Walnut Grove Road in an Aug. 28 special warranty deed from 30 related California-based limited liability companies.

20. Harmony Park Apartments Sells for $2.6 Million -

The 164-unit Harmony Park Apartments and Townhomes at 3365 Steve Road has sold for $2.6 million to two entities.

21. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

22. Alco Files $4 Million Loan on Todd Creek Apartments -

Alco Management Inc. has filed a $4 million loan on the 155-unit Todd Creek Apartments at 1541 Northside Dr. in Frayser.

23. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

24. Reese Road Apartment Complex Sells Twice -

The 76-unit Reese Road apartment complex at 2503 E. Reese Cove in Northeast Memphis sold twice in two days, the latter a $3.3 million deal.

25. Edison Apartments Owner Files $2.5 Million Loan -

The owner of the Edison Apartments along Jefferson Avenue has filed a $2.5 million trust deed for the Downtown property.

Edison Park LP filed the deed of trust, assignment of rents and security agreement July 30 through American Fidelity Assurance Co. Neil E. Ringel signed the trust deed as president of Jan Realty Inc., general partner of Edison Park LP.

26. Survey: Graduates Should Return to Memphis After School -

Measuring economic sentiment among consumers at any given moment in time involves looking at specific data points and how consumers feel about those sets of numbers and facts.

That’s a key element of the Memphis Economic Indicator, a quarterly survey measuring general business and economic sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP that’s now one year old.

27. Greenbrook Apartments Sell for $46.5 Million -

An affiliate of Atlanta-based Carroll Organization bought the 1,037-unit Greenbrook Apartments at 1400 Greenbrook Parkway from Memphis-based real estate investment trust MAA for $46.5 million in a deal that closed Friday, June 11, according to Shelby County property records.

28. Brooks Challenge Grows Toward End of Term -

The last six weeks of the current terms of office of the 13 Shelby County commissioners will be marked by a series of political challenges involving Commissioner Henri Brooks.

Meanwhile, Shelby County Attorney Marcy Ingram has resolved a residency challenge of Commissioner Justin Ford, concluding Ford’s “primary residence is probably” at Fairways Apartments, a South Memphis apartment complex in his district, even though Ford claimed in the investigation that he lived there for more than two years without utilities.

29. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

30. Addison at Collierville Owner Files $17 Million Loan -

The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

31. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

32. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

33. Westbrook Crossing Owner Files $22 Million Loan -

The owner of the Westbrook Crossing apartments at 525 Shea Road in Collierville has filed a $22 million loan on the property.

34. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

35. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

36. Southbrook Mall Concept Goes to Public Hearings -

As city Housing and Community Development Director Robert Lipscomb began talking in the gym of the Whitehaven Community Center last week, he could see the Pepper Tree Apartments on the other side of Graceland Drive.

37. Peppertree Apartments Owner Files $3 Million Loan -

The owner of the 306-unit Peppertree Apartments at 4243 Graceland Drive in Whitehaven has filed a $3.2 million loan on the property.

38. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

39. Fieldstone Apartments Pays $1.8 Million for Land -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

40. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

41. Heritage Place Retirement Community Sells for $1 Million -

An affiliate of Orlando, Fla.-based Elevation Financial Group has paid $1 million for the 161-unit Heritage Place retirement center at 2990 Hickory Hill Road in Hickory Hill.

42. Owner Files Loan on Fairway Townhomes -

The Utah-based owner of the 59-unit Fairway Townhomes and Apartments at 5150 Tulane Road has filed a $2.2 million loan on the property.

43. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

44. Hedgemoor Square Sells for $3.6 Million -

An affiliate of St. Louis-based Gateway Commercial has paid $3.6 million for the 64-unit Hedgemoor Square Apartments at 375 N. Graham St. in East Memphis.

45. Forest Hill Technology Center Sells for $5.2 Million -

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

46. Tillman Cove Apartments Sell for $1 Million -

The 116-unit Tillman Cove Apartments at 2998 Tillman Cove in Binghampton have sold for $1 million.

47. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

48. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

49. Pinnacle Apartments Sell for $3.8 Million -

An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

50. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

51. Hillview Village Apartments Sell for $5.9 Million -

The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

52. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

53. Mill Creek Apartments Owner Files $7 Million Loan -

The owner of the 448-unit Mill Creek Apartments at 4461 Millbranch Road in Whitehaven has filed a $6.8 million loan on the property.

54. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

55. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

56. Georgian Woods Apartments Sell for $3.9 Million -

The 100-unit Georgian Woods Apartments at 118 St. Agnes Drive in Midtown has sold for $3.9 million.

Georgian Woods Property Owner LLC, an affiliate of Woodbury, N.Y.-based CLK Properties, bought the property, whose alternate address is 2451 Union Ave., in a March 14 special warranty deed.

57. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

58. Hyde Capital Buys Two Apartment Complexes -

Affiliates of New York-based Hyde Capital LLC have paid a combined $17.3 million for the Briar Club Apartments at 6339 Village Grove Drive in East Memphis and the Cinnamon Trails apartment complex at 6497 Knight Arnold Road in Hickory Hill.

59. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

60. Renovation on Tap for 100 N. Main Tower -

The owner of 100 N. Main St., the city’s tallest building, has plans to turn the Downtown skyscraper into a development featuring a hotel and apartments.

61. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

62. This week in Memphis history: February 21-27 -

2013: The Salvation Army Kroc Center opened at the Mid-South Fairgrounds.

1974: On the front page of The Daily News, Albertine McCrory developers announced a 1,500-home planned community at Interstate 40 and Whitten Road called Hillshire. The plans called for single-family homes, townhouse condominiums, garden apartments, duplexes and commercial areas as well as an office industrial park for an estimated 12,000 people or a community about the size of Parkway Village at the time.

63. Collierville Apartments Sell for $1.2 Million -

The 30-unit Center Court Apartments at 282 Center St. and 288 Center St. in Collierville have sold for $1.2 million.

64. City Council Reviews Raleigh Springs Mall Plan -

Memphis City Council members get their first public detailed look Tuesday, Feb. 4, of an “urban renewal” plan for the Raleigh Springs Mall.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St. Follow the meeting @tdnpols, www.twitter.com/tdnpols.

65. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

66. Monticello Apartments Owner Files $9.3 Million Loan -

The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.

67. Meadows Apartments Sell for $9 Million -

The 200-unit Meadows Apartments at 5580 Raleigh-LaGrange Road in Northeast Memphis have sold for $9 million.

RCP Meadows LLC, an affiliate of New York-based RCP General Inc., bought the multifamily property in a Jan. 10 special warranty deed from SCA Meadows LP.

68. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

69. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

70. Grocery Growth -

By the end of this year, Kroger will have spent between $150 million and $200 million on upgrades, fixes and renovations at its Memphis-area stores.

That investment is one example among many in the Memphis area of how the stiff competition among grocers and similar retailers is playing out as they make grabs for bigger slices of the customer pie.

71. Stonebrook Apartments Owner Files $4.6 Million Loan -

The owner of the 244-unit Stonebrook Apartments at 6371 Winchester Road in Hickory Hill North has filed a $4.6 million loan on the property.

72. Plans in Works for Dormant Midtown Project -

City officials are working on plans to kick-start the dormant Washington Bottoms project at Poplar Avenue and Cleveland Street in Midtown.

Memphis Housing and Community Development director Robert Lipscomb confirmed that he is working on the effort but said he was not yet able to release detailed information on the project.

73. Malasri Promotes Importance of Young Memphis Leaders -

Jittapong “J.T.” Malasri, a civil engineer with Memphis Light, Gas and Water Division, says his father probably knew his son would go into the engineering field long before he himself did. And his father, Siripong Malasri, should know – he was the dean of the School of Engineering at Christian Brothers University before returning to the classroom to teach and chair various departments.

74. Highland Street Family Dollar Sells for $1.6 Million -

656 S. Highland St.
Memphis, TN 38111
Sale Amount: $1.6 million

Sale Date: Dec. 2, 2013
Buyer: Amicorp Enterprises Inc.
Seller: DCTN3 328 Highland Memphis TN LLC
Loan Amount: $600,000
Loan Date: Nov. 25, 2013
Maturity Date: N/A
Lender: The Bank of Hemet
Details: The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

75. Orleans at Walnut Grove Owner Files $23 Million Loan -

The owner of the 276-unit Orleans at Walnut Grove Apartments in Cordova has filed a $23 million loan for the property.

Orleans Apartment Community LLC filed the deed of trust, security agreement and fixture filing for the Class A complex Dec. 18 through Transamerica Pacific Insurance Co. Ltd. Charles W. Misenhelter signed the trust deed as member of Orleans Apartment Community.

76. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

77. Cordova Creek Apartments Sell for $12.5 Million -

The 196-unit Cordova Creek apartment complex at 1175 N. Germantown Parkway has traded hands for $12.5 million.

78. Bartlett Heights Apartment Complex Sells for $5 Million -

The 173-unit Bartlett Heights Apartments at 6128 Stage Road near Elmore Park Road in Bartlett has sold for $5 million. A company called Sycamore Lakes bought the Class C multifamily property in a Dec. 12 special warranty deed from multiple sellers.

79. MRG Sees Flurry of Activity at Marion Center -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

80. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

81. Countryside Apartments Owner Files $5 Million Loan -

The owner of the 152-unit Countryside North Apartments at 6920 Reese Road in Northeast Memphis has filed a $5 million loan on the property.

82. Mid-South Food Bank Buys Oakhaven Warehouse -

3834 Knight Road
Memphis, TN 38118
Sale Amount: $3.6 million

Sale Date: Nov. 18, 2013
Buyer: The Mid-South Food Bank
Seller: 198-6 Memphis Industrial Portfolio Holdings LLC
Details: Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.

83. School Board Questions Teacher Residency -

One of the coming debates about education reform in Shelby County will be about the role of teacher residency programs in preparing future Shelby County Schools system teachers.

Shelby County Schools board members approved two contracts before the Thanksgiving holiday with Memphis Teacher Residency and Teach For America, the two dominant residency programs working in Shelby County.

84. Owner Files $5.5 Million Loan on Highland Meadows -

The New York-based owner of the 624-unit Highland Meadows Apartments at 5045 Airways Blvd. has filed a $5.5 million loan on the property.

85. $2.1 Million Loan Filed for Bent Tree Apartments -

An affiliate of the locally owned, faith-based nonprofit Global Ministries Fellowship has filed a $2.1 million loan for the 379-unit Bent Tree Apartments in Whitehaven.

GMF-Bent Tree LLC filed the leasehold deed of trust, security agreement and assignment of leases and fixture filing Oct. 30 through Merchants Bank of Indiana.

86. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

87. Owner of Big Creek Apartments Files Loan -

The owner of the 104-unit Big Creek Apartments at 6155 Woodstock Hills Drive in unincorporated Shelby County near Millington has filed a $5.8 million loan on the property.

88. Midtown Kroger Construction to Start -

With a few amendments by the Memphis-Shelby County Board of Adjustment Wednesday, Oct. 23, the new Midtown Kroger supermarket rolled out of the planning and zoning process and into preparation for demolition of the old Belvedere apartments building and construction of the new store.

89. Catholic Charities Launches Program For Homeless Veterans -

This month Catholic Charities of West Tennessee launches a new program called St. Sebastian Veteran Services to provide critical assistance to homeless veterans and their families and to those facing imminent eviction or foreclosure.

90. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

91. Woodchase Apartments Owner Files Loan -

The owner of the 808-unit Woodchase Apartments at 1955 N. Germantown Parkway in Cordova has filed a $17.5 million loan on the property.

92. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

93. Owner Files $16.9 Million Loan on River Trace Apartments -

The owner of the 440-unit River Trace Apartment Homes, at 2165 E. River Trace Drive near Bartlett, has filed a $16.9 million loan on the property.

94. New Jersey Firm Buys Pendleton Place Apartments -

1780 Pendleton St.
Memphis, TN 38114
Sale Amount: $3.1 million

Sale Date: Sept. 11, 2013
Buyer: Pendleton Apartments LLC
Seller: Pendleton Investors LLC
Details: An affiliate of Teaneck, N.J.-based The Aspen Cos. has paid $3.1 million for the Pendleton Place Apartments at 1780 Pendleton St. in the Defense Depot area.

95. September 27-October 3, 2013: This week in Memphis history -

2012: Republican vice presidential nominee Paul Ryan raised an estimated $1 million during a private fundraiser at The Racquet Club for the Romney-Ryan presidential ticket. The Memphis stop was one of several fundraisers across the state and included a later gathering at the home of FedEx founder and CEO Fred Smith. In the November presidential general election the Romney-Ryan ticket carried Tennessee. President Barack Obama carried Shelby County.

96. New Jersey Firm Buys Pendleton Place Apartments -

An affiliate of Teaneck, N.J.-based The Aspen Cos. has paid $3.1 million for the Pendleton Place Apartments at 1780 Pendleton St. in the Defense Depot area.

97. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

98. Keystone Landing Complex Sells for $4.6 Million -

The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

99. Visible Music College Files $3.2 Million Loan -

200 Madison Ave.
Memphis, TN 38103
Loan Amount: $3.2 million

Loan Date: Aug. 30, 2013
Maturity Date:
Borrower: Visible Music College
Lender: Renasant Bank
Details: Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.

100. New Horizon Apartments Financed for $2.5 Million -

New Horizon Apartments at 3619 Kingsgate Drive, which sold for $150,000 in a successor trustee’s sale last year, has been financed for $2.5 million through Amerasia Bank.